G7, the summit of the most industrialized nations, had not discussed monetary policy but might do so later Trump said. But trade war was in Trump’s agenda.

The dollar rose to a three-week peak against the on Friday ahead of a speech from Federal Reserve Chair Jerome Powell.

The German Chancellor said a Brexit backstop solution could be found before the Oct. 31 deadline. The pound, sensitive to the prospect of a ‘no-deal’ exit, jumped more than 0.5%.

The euro struggled to make headway against a resilient dollar on Wednesday as attention shifts to Fed. Forex markets remained mostly calm ahead of a crucial meeting of central bankers later this week.

As Brexit talks tensions rise, the pound dived towards near three-year lows against the euro on Tuesday. The UK headed towards a showdown with the European Union over Brexit negotiations.